Hotels & Motels in Mexico - Industry Market Research Report
- May 2019 •
- 26 pages •
- Report ID: 5894966 •
- Format: PDF
Hotels & Motels in Mexico
The Hotels and Motels industry in Mexico comprises establishments that primarily provide short-term accommodation services to consumers. They provide accommodation through hotels, motels and resort hotels. The industry in Mexico is heavily reliant on international visitors to stay for extended periods, for tourism reasons as those consumers typically spend the most on high-end resorts while they stay. Businesses also utilize these hotel and motel services for their employees that are traveling for work-related reasons, however, these consumers represent a much smaller share of the other all industry. Over the five years to 2019, the Hotels and Motels industry in Mexico has struggled to rebound from a dip in revenue during the period, but revenue is expected to rebound over the five years to 2024.
This industry comprises establishments that provide temporary accommodation services, such as hotels and motels. It includes resorts and hotels and motels that also operate spas and waterparks under the same brand. This industry excludes establishments that provide any real estate brokerage or leasing services and temporary accommodations in other types of boarding places. It also excludes casinos with hotels and other businesses operating within a hotel but under a different brand.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.